Texas Business Organizations Code - Section 11.402. Jurisdiction To Appoint Receiver
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 11.402. Jurisdiction To Appoint Receiver
§ 11.402. JURISDICTION TO APPOINT RECEIVER. (a) A court
that has subject matter jurisdiction over specific property of a
domestic or foreign entity that is located in this state and is
involved in litigation has jurisdiction to appoint a receiver for
that property.
(b) A district court in the county in which the registered
office or principal place of business of a domestic entity is
located has jurisdiction to:
(1) appoint a receiver for the property and business
of a domestic entity for the purpose of rehabilitating the entity;
or
(2) order the liquidation of the property and business
of a domestic entity and appoint a receiver to effect that
liquidation.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 11.354 11.355 11.356 11.357 11.358 11.359 11.401 11.402 11.403 11.404 11.405 11.406 11.407 11.408 11.409
Last modified: August 11, 2007
|
